Master of Science - Financial Engineering

Master of Science - Financial Engineering

The vast complexity of financial markets compels industry to look for experts who not only understand how markets work, but also possess the mathematical knowledge to decipher their patterns and the computer skills to exploit them. To achieve success, banking and securities professionals must understand how applied mathematics, computational techniques, statistical analysis, and economic theory inform and impact the areas of securities valuation, risk management, and portfolio structuring.

The Master of Science in Financial Engineering program requires a total of 30 graduate credits and is designed to produce graduates who can make pricing, hedging, trading, and portfolio-management decisions in the financial services sector. With sharply honed practical skills complimented by strong technical backgrounds, graduates establish careers in the industries of investment banking, risk management, securities trading and portfolio management.

Admissions Requirements

  • Complete application
  • Application fee
  • Official college transcripts from all colleges attended
  • Official or attested confirmation of bachelor's degree
  • Two letters of recommendation
  • Personal Statement
  • Resume or CV
  • GRE or GMAT scores for all full-time applicants

Core Course Requirements for Full Degree

  • FE 610 Stochastic Calculus for Financial Engineers
  • FE 620 Pricing and Hedging
  • FE 621 Computational Finance
  • FE 630 Portfolio Theory and Applications
  • FE 680 Advanced Derivatives
  • FE 800 Special Problems in Financial Engineering (3 credits) or
  • FE 900 Thesis in Financial Engineering (6 credits)
  • Plus Electives

To complete the required ten courses, candidates can supplement by choosing from one of the four-course graduate certificate programs listed below, otherwise, students can choose to complete remaining electives in other program areas with Faculty Advisor approval. Students are encouraged to specialize in one of the 4 focus areas: Quantitative Finance, Financial Services & Analytics, Financial Risk & Regulation, and Financial Systems. 
 

Quantitative Focus

Financial Engineering Graduate Certificate:

  • FE 610 Stochastic Calculus for Financial Engineers
  • FE 620 Pricing and Hedging
  • FE 621 Computational Methods in Finance
  • FE 630 Portfolio Theory and Applications

Financial Risk Engineering Graduate Certificate: 

  • FE 535 Introduction to Financial Risk Management
  • FE 610 Stochastic Calculus for Financial Engineers
  • FE 635 Financial Enterprise Risk Engineering
  • FE 655 Systemic Risk and Financial Regulation

Systems and Management Focus

Systems Engineering and Architecting Graduate Certificate: 

  • SYS 605 Systems Integration
  • EM 612 Project Management of Complex Systems
  • SYS  625 Fundamentals of Systems Engineering
  • SYS  650 System Architecture and Design

Engineering Management Graduate Certificate:

  • EM 600 Engineering Economics and Cost Analysis
  • EM 605 Elements of Operations Research
  • EM 612 Project Management of Complex Systems
  • EM 680 Designing & Managing the Development Enterprise

Software and Technology Focus

Software Engineering in Finance Graduate Certificate:

  • SSW 540 Fundamentals of Software Engineering
  • SSW 565 Software Architecture & Component-Based Design
  • FE 595 Financial Systems Technology
  • MGT 623 Financial Management or MGT 638 Corporate Finance

Financial Software Engineering Graduate Certificate:

  • SSW 540 Fundamentals of Software Engineering
  • SSW 565 Software Architecture and Component-Based Design
  • FE 610 Stochastic Calculus for Financial Engineers
  • FE 620 Pricing and Hedging

Course Requirements for Four-Course Certificate Program

  • FE 610 Stochastic Calculus for Financial Engineers
  • FE 620 Pricing and Hedging
  • FE 621 Computational Finance
  • FE 630 Portfolio Theory and Applications

 

I’m Interested

For specific program information, CLICK HERE

Call 1-888-STEVENS 
(201-216-5319) 
or email: Graduate Admissions

Current Students: Consult your faculty advisor and study plan for course requirements and electives.

Call 1-888-STEVENS (201-216-5319) or email: Graduate Admissions